SBI, PNB, BoB, ICICI customers alert! Major bank rules changed from February, check details

 


SBI, ICICI Bank, Bank of Baroda, and Punjab National Bank have announced major changes in their operational rules. 

New Delhi: State Bank of India (SBI), ICICI Bank, Bank of Baroda, and Punjab National Bank have announced major changes in their operational rules, including check payments, transactions and IMPS, among others. 

Customers should take note of all the major changes before conducting any banking work. The latest banking rules have come into effect from February 1, 2022. 

Here are key changes banks implemented from February 1:  

Change in Bank of Baroda’s Positive Pay System

Bank of Baroda has made changes to the cheque clearance rule. From February 1, verification will be required for check payments, the state-owned lender said on its website. The check will be returned if there is no confirmation. The lender has urged its customers that they should use the feature for CTS clearing. 

SBI has increased the free limit from Rs 2 lakh to Rs 5 lakh on IMPS transactions from February 1, 2022. However, the bank will charge Rs 20 plus GST on IMPS transactions made via physical branches of the bank. 

“However, a new slab for Rs 2,00,000 to Rs 5,00,000 has been added and the proposed service charges for this slab is Rs 20 + GST w.e.f 01.02.2022. The service charges on IMPS are in line with the Service Charges on NEFT/RTGS transactions,” SBI had said in its announcements.

PNB Minimum Limit

PNB’s latest change in the policy is a fine of Rs 250 that customers will have to pay if any instalments or investments fail due to lack of money in the debit account. Previously, the bank used to charge Rs 100 in case of a debit failure. Moreover, the bank has also increased the fine on-demand draft cancellation to Rs 150. Previously, the charge was Rs 100.

ICICI Bank Credit Cards Fee

ICICI Bank credit card customers will have to pay 2.50 per cent on cash advance, subject to a minimum of Rs 500 from February 10. The bank has also announced that the bank will charge 2 per cent of the total amount due if cheque or auto-debit returns.

Comments

  1. UnknownFebruary 8, 2022 at 1:27 AM

    Now Bank Is Old History PATHAN Only Collect Charges. He Have Only PAISA... MONEY. No Customer Service. Only Holidays AARAM Kaor PAISA Kamav

    ReplyDelete
  2. UnknownFebruary 8, 2022 at 2:08 AM

    Yes now old histry...paisa kmao..paisa kmao...few regional smiti bina mange hi account open krte wqt cheque bhi de dete hn ..a t m bhi de dete hn ...sath mai p m y wala insurence bhi kr dete hn ...customer ko pta hi nhi chlta ...bechara custumer kuchh kah hi nhi pata ..kuchh kaho tow argument se bchne ko bnnk notice lga deta h ki kisi krmchari ke sath abhdr vayvhar krne pr act....pr jail ja skte ho ..ary waaah bank waaah

    ReplyDelete
  3. #MUNDAN KUMAR February 17, 2022 at 5:40 PM

    I am not happy this rules

    ReplyDelete
  4. G.GopiramFebruary 18, 2022 at 3:32 AM

    Now aday Banks became Kabuli walas.Every where moneysqeezing.Banks are for pub licsafetyandsaving.Now saving gone to shaving.Interest in deposits lo west.Very difficult for people survive ng on bank interest.TotalBanking system changed in MODISJamana

    ReplyDelete
  5. UnknownFebruary 18, 2022 at 10:20 AM

    I am interested in this rules

    ReplyDelete

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